As per San Hose news, CISCO downsized by laying off 700 employees at its San Jose headquarter. Due to the economic crisis , CISCO planned early this year to eliminate 1500 to 2000 people from its workforce as per Wall Street Journal. This downsizing is going to help the company to save between $1 bill to $1.5 bill of its expense. CISCO’s revenue fell by 17% during third quarter and it is expected to announce double digit decline in sales during fourth quarter. Full article »
Very recently, you must have heard the important news from AP Radio that GM has been able to exit out of the bankruptcy successfully. But, AP didn’t want to disclose the fact how much Govt and US taxpayers have to compromise to help GM out of bankruptcy. AP clearly understated the amount of Govt money that was spent.
Social Networking is the new and improved way to land your dream job. If you are new to social networking site, you should know that sites like Facebook or Twitter can help you find a job. As per the Market Research firm, Nielson Online, almost 70 % of the online users use social networking site. You will be wondering to know that there are quite a significant number of people who use those sites to get in touch with the employer or build up peer network to exchange job tips. The following section highlights a few interesting social networking sites in terms of finding a job. Full article »
The parameters for the use of computer at workplace are sometimes confusing. Although, we use internet at work for many of our personal purposes like sending email, paying bills, checking stock ticker, but, we should exactly know where to draw the limit. Since, cases are rising drastically where employee gets fired for wrongful use of computer at work. I am highlighting a few important points for which employee may loose his job. Full article »
Although, weekly claims for unemployment insurance went down in USA, but, ongoing claims increases to 7 million. The Labor Dept reports that new claims for jobless benefit dropped to 631,000, down from 643,000 the previous week. The dept further reported that continuing claims increases from 6.6 million to 6.7 million. This is the highest total record since 1967. The projection is that labor market will remain weak in 2010 and beyond that.